Our Mission:
As trusted partners, we deliver vital financial resources and support while collaborating with local organizations dedicated to social impact, ensuring the creation of affordable homes in vibrant neighborhoods where everyone can thrive.
Our Vision: We envision a future where everyone succeeds in communities anchored by affordable homes, healthy neighborhoods, and economic security.
What We Do
For over three decades, we have connected developers, investors, and communities with the mission to build affordable housing and revitalize historic properties in order to create thriving neighborhoods that benefit all residents. Our hands-on approach and extensive experience in every facet of community building helps us bring the right people together in order to drive change.
Community Driven Development
For over 30 years, we have worked hand-in-hand with local partners, helping them navigate the complex development process so that they can build on relationships in the communities in which they serve.
Mission Focused Investor Partnerships
We strive for our funds to have a real, positive impact for both our investors and the residents of the communities in which we invest.
Giving Back through Community Support
Community is at the core of what we do. Beyond the financial role we play, we are committed to ensuring everyone in our region not only has access to quality affordable housing, but also to services, programs, and amenities that enhance their quality of life.
Our History
Since 1990, we have served communities by adding value through the development, funding and management of affordable housing and community revitalization projects. We have worked with LIHTC projects from the beginning and were the first manager of tax credit equity funds in Virginia. Many things have changed over the decades, but not our passion and commitment to creating vibrant communities where residents thrive.
1986
The Federal Low Income Housing Tax Credit Program was enacted
1990
VCDC was founded, making us the first manager of tax credit equity funds in Virginia.
1992
Closed on our first LIHTC community, Monticello Vista Apartments in Charlottesville, VA
2001
Became a certified Community Development Financial Institution
2005
Established first VCDC equity fund outside of Virginia - The Housing Equity Fund of Kentucky
2011
Closed on our first New Market Tax Credit partnership - Center in Square in Roanoke, VA
2015
Inaugural class of the Mission Elevation program
Present
We have made over $726,000,000 in equity investments in over 242 communities
Meet Our Passionate Team
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Alicyn C. Artis, Asset Management Coordinator
Email or 804-482-6236
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Raven Bates, Director of Administration & Communication
Email or (804) 482-6232
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Steve Bleile, Director of Project Development
Email or (804) 482-6231
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Deborah Bryant, Asset Manager
Certifications: ARM, COS
Email or (804) 482-5389
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Laura N. Dupuy, Loan Fund Director
Email or (804) 297-3995
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Molly Dye, Research & Writing Coordinator
Email or (804) 482-6230
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Elijah Kaiss, VCDF Portfolio Manager
Emailor 804-297-3162
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Kelsey McMahon, Equity Fund Analyst
Email or (804) 482-5386
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Jeffrey Michael Meyer, Senior Development Officer
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Zachary Miller, Development Manager, VCDC
Email or 804-482-6233
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ShaDawn Moody-Elizondo, Asset Manager
Certifications: COS
Emailor (804) 482-6237
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Robert L. "Bob" Newman, President & CEO
Email or (804) 482-5387
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Deja Olds, Office Coordinator
Email or 804-482-6073
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Russ Parrish, Chief Financial Officer
Email or (804) 482-6070
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Alicia Peel, Development Coordinator
Email or (804) 482-6227
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Andrew Redfearn, Asset Manager
Email or 804-482-8152
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Devin Robinson, Asset Manager
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H. Bernard Rogers, Director of Equity Funds & Investor Relations
Email or (804) 297-3005
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McKenson Smart, Accountant
Certifications: Notary Public
Emailor (804) 482-6071
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Nannette “Nan” Orsini Spear, Director of Data Science & Business Systems
Email or (804) 482-6235
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Chris Sterling, Vice President & COO
Email or (804) 482-5388
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Angela Taylor, Director of Asset Management
Certifications: HCCP, AHM, COS-HCV, FHC
Email or (804) 482-6075
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Jen Wickham, Senior Development Officer
Email or (804) 482-6072
Our Board of Directors
Robert J. Adams, Retired, Housing and Development Advisors
Neil Amin, Chief Executive Officer, Shamin Hotels
Philip A. Brooks, Senior Lender, Local Initiatives Support Corporation (LISC) Virginia
Michael Jarred Chiappa, Senior Vice President of Real Estate, True Ground Housing Partners
Susan Dewey, Retired CEO, Virginia Housing
Manju S. Ganeriwala, Retired Virginia State Treasurer, Virginia Treasury
Monica L. Jefferson, Community Housing Professional
Karen Klick, Nonprofit Consultant, Klick Consulting LLC
Jonathan T. Knopf, Vice President, HDAdvisors
Jason E. Long, Executive Vice President, Chief Financial Officer, C&F Financial Corporation
Earlene Powell, Financial Director, Southside Outreach Group, Inc.
Tyrone E. Sessoms Sr., VP of Coordinated Housing & Support Services, STOP Inc.
Karen Ruth Wilds, Executive Director, Newport News Redevelopment and Housing Authority (NNRHA)
Hope Cupit, CEO, Southeast Rural Community Assistance Project, Inc. (SERCAP)
Officers:
Philip A. Brooks, Chair
Monica L. Jefferson, Vice-Chair
Robert Newman, President and CEO
Chris Sterling, Vice President and COO
Russ Parrish, Secretary and Treasurer
